Homework Answers
|
CORONADO CORPORATION Statement of Cash Flows For the Year Ended December 31, 2020 |
||
|
Cash flows from operating activities |
||
|
Net income |
352000 |
|
|
Adjustments to reconcile net income to net cash provided by operating activities: |
||
|
Depreciation expense (233200-195800) |
37400 |
|
|
Loss on sale of investments |
22000 |
|
|
Decrease in accounts receivable (407000-396000) |
11000 |
|
|
Decrease in current liabilities (294800-332200) |
(37400) |
33000 |
|
Net cash provided by operating activities |
385000 |
|
|
Cash flows from investing activities |
||
|
Sale of investments (162800-114400)-22000 |
26400 |
|
|
Purchase of equipment (655600-528000) |
(127600) |
(101200) |
|
Net cash used by investing activities |
||
|
Cash flows from financing activities |
||
|
Payment of cash dividends |
(66000) |
|
|
Net increase in cash |
217800 |
|
|
Cash at beginning of year |
171600 |
|
|
Cash at end of year |
$389400 |
|
Add Answer to:
The following is a condensed version of the comparative balance sheets for Coronado Corporation for the...
The following is a condensed version of the comparative balance sheets for Nash Corporation for the...
The following is a condensed version of the comparative balance sheets for Nash Corporation for the last two years at December 31. 2020 2019 Cash $ 283,200 $ 124,800 Accounts receivable 288,000 296,000 Investments 83,200 118,400 Equipment 476,800 384,000 Accumulated Depreciation Equipment (169,600) (142,400) Current liabilities Common stock 214,400 256,000 491,200 241,600 256,000 283,200 Retained earnings Additional information: Investments were sold at a loss of $16,000; no equipment was sold; cash dividends paid were $48,000; and net income was $256,000....
The following is a condensed version of the comparative balance sheets for Buffalo Corporation for the...
The following is a condensed version of the comparative balance sheets for Buffalo Corporation for the last two years at December 31. 2020 2019 Cash $ 371,700 $ 163,800 Accounts receivable 378,000 388,500 Investments 109,200 155,400 Equipment 625,800 504,000 Accumulated Depreciation-Equipment (222,600 ) (186,900 ) Current liabilities 281,400 317,100 Common stock 336,000 336,000 Retained earnings 644,700 371,700 Additional information: Investments were sold at a loss of $21,000; no equipment was sold; cash dividends paid were $63,000; and net income was...
The following is a condensed version of the comparative balance sheets for Cheyenne Corporation for the...
The following is a condensed version of the comparative balance sheets for Cheyenne Corporation for the last two years at December 31. 2020 Cash Accounts receivable Investments Equipment Accumulated Depreciation-Equipment Current liabilities Common stock Retained earnings $ 247,800 252,000 72,800 417,200 (148,400) 187,600 224,000 429,800 2019 $ 109,200 259,000 103,600 336,000 (124,600) 211,400 224,000 247,800 Additional information: Investments were sold at a loss of $14,000; no equipment was sold; cash dividends paid were $42,000; and net income was $224,000. (a)...
Presented below is a condensed version of the comparative balance sheets for Bramble Corporation for the...
Presented below is a condensed version of the comparative balance sheets for Bramble Corporation for the last two years at December 31. 2017 2016 Cash $178,500 $49,000 Accounts receivable 115,900 76,800 Investments 68,900 98,300 Equipment Accumulated depreciation equipment Current liabilities 350,900 177,300 (95,100) (65,700) 135,300 91,900 142,500 62,500 333,700 173,700 Common stock Retained earnings Additional information: Investments were sold at a gain of $10,300; no investments were purchased; no equipment was sold; cash dividends paid were $43,500; and net income...
The following is a condensed version of the comparative balance sheets for Flounder Corporation for the...
The following is a condensed version of the comparative balance sheets for Flounder Corporation for the last two years at December 31, 2020. 2020 Cash Accounts receivable Inventories Prepaid Expenses Investments Equipment Accumulated Depreciation Equipment Accounts Payable Accrued Expenses Bonds Payable Common stock Retained earnings 564,800 325,000 175,000 56,450 95,000 275,000 (172,550) 195,600 2019 $ 261,000 222,000 162,600 59,000 88,800 425,000 (250,000) 176,100 296,200 425,000 180,000 315,000 238,000 616,000 210,000 335,700 Additional information: Cash dividends paid were $48,000; and net...
Exercise 5-15 The following is a condensed version of the comparative balance sheets for Wildhorse Corporation...
Exercise 5-15 The following is a condensed version of the comparative balance sheets for Wildhorse Corporation for the last two years at December 31. Cash Accounts receivable Investments Equipment Accumulated Depreciation Equipment Current liabilities Common stock Retained earnings 2020 $ 318,600 324,000 93,600 536,400 (190,800 ) 241,200 288,000 552,600 2019 $ 140,400 333,000 133,200 432,000 (160,200) 271,800 288,000 318,600 Additional information: Investments were sold at a loss of $18,000; no equipment was sold; cash dividends paid were $54,000; and net...
Exercise 5-15 Presented below is a condensed version of the comparative balance sheets for Splish Corporation...
Exercise 5-15 Presented below is a condensed version of the comparative balance sheets for Splish Corporation for the last two years at December 31. 2017 2016 Cash Accounts receivable Investments Equipment Accumulated Depreciation-Equipment $ 265,500 270,000 78,000 447,000 (159,000 ) 201,000 240,000 460,500 $ 117,000 277,500 111,000 360,000 (133,500 ) 226,500 240,000 265,500 Current liabilities Common stock Retained earnings Additional information: Investments were sold at a loss of $15,000; no equipment was sold; cash dividends paid were $45,000; and net...
1. (10 points)Presented below is a condensed version of the comparative balance sheets for Bridgeport Corporation...
1. (10 points)Presented below is a
condensed version of the comparative balance sheets for Bridgeport
Corporation for the last two years at December 31.20172016Cash$
230,100$ 101,400Accounts
receivable234,000240,500Investments67,60096,200Equipment387,400312,000Accumulated
Depreciation-Equipment(137,800)(115,700)Current
liabilities174,200196,300Common stock208,000208,000Retained
earnings399,100230,100Additional information:Investments were sold
at a loss of $13,000; no equipment was sold; cash dividends paid
were $39,000; and net income was $208,000.Required: Prepare a
statement of cash flows for the year ended December 31, 2017.
1. (10 points) Presented below is a condensed version of the comparative balance sheets...
Question 4 ew Policies urrent Attempt in Progress The following is a condensed version of the comparative balance...
Question 4 ew Policies urrent Attempt in Progress The following is a condensed version of the comparative balance sheets for Sage Corporation for ts last two years at December 31. Cash Accounts receivable Investments Equipment 2020 2019 $ 230,100 $ 101,400 234,000 240,500 67,600 96,200 387,400 312,000 (137,800) (115,700 174.200 196,300 208,000 208,000 399,100 230,100 Current liabilities Common stock Retained earnings Additional information: Investments were sold at a loss of $13.000; no equipment was sold; cash dividends paid were $39.000;...
Current Attempt in Progress Condensed financial data of Indigo Corporation follow Indigo Corporation Comparative Balance Sheets...
Current Attempt in Progress Condensed financial data of Indigo Corporation follow Indigo Corporation Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Prepaid expenses Long-term investments Plant assets Accumulated depreciation 2022 2021 $ 113,120 $67760 122,920 53.200 157.500 143.990 39,760 36,400 193,200 152600 399,000 339.500 170,000) (72800) $955,500 5720.650 Total Liabilities and Stockholders'Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings Total 5142,800 594220 23.100 29.400 154,000 204.400 308,000 245.000 327,600 147630 5955,500 5720.650 5543,844 Indigo...
The following is a condensed version of the comparative balance sheets for Nash Corporation for the last two years at December 31. 2020 2019 Cash $ 283,200 $ 124,800 Accounts receivable 288,000 296,000 Investments 83,200 118,400 Equipment 476,800 384,000 Accumulated Depreciation Equipment (169,600) (142,400) Current liabilities Common stock 214,400 256,000 491,200 241,600 256,000 283,200 Retained earnings Additional information: Investments were sold at a loss of $16,000; no equipment was sold; cash dividends paid were $48,000; and net income was $256,000....
The following is a condensed version of the comparative balance sheets for Cheyenne Corporation for the last two years at December 31. 2020 Cash Accounts receivable Investments Equipment Accumulated Depreciation-Equipment Current liabilities Common stock Retained earnings $ 247,800 252,000 72,800 417,200 (148,400) 187,600 224,000 429,800 2019 $ 109,200 259,000 103,600 336,000 (124,600) 211,400 224,000 247,800 Additional information: Investments were sold at a loss of $14,000; no equipment was sold; cash dividends paid were $42,000; and net income was $224,000. (a)...
Presented below is a condensed version of the comparative balance sheets for Bramble Corporation for the last two years at December 31. 2017 2016 Cash $178,500 $49,000 Accounts receivable 115,900 76,800 Investments 68,900 98,300 Equipment Accumulated depreciation equipment Current liabilities 350,900 177,300 (95,100) (65,700) 135,300 91,900 142,500 62,500 333,700 173,700 Common stock Retained earnings Additional information: Investments were sold at a gain of $10,300; no investments were purchased; no equipment was sold; cash dividends paid were $43,500; and net income...
The following is a condensed version of the comparative balance sheets for Flounder Corporation for the last two years at December 31, 2020. 2020 Cash Accounts receivable Inventories Prepaid Expenses Investments Equipment Accumulated Depreciation Equipment Accounts Payable Accrued Expenses Bonds Payable Common stock Retained earnings 564,800 325,000 175,000 56,450 95,000 275,000 (172,550) 195,600 2019 $ 261,000 222,000 162,600 59,000 88,800 425,000 (250,000) 176,100 296,200 425,000 180,000 315,000 238,000 616,000 210,000 335,700 Additional information: Cash dividends paid were $48,000; and net...
Exercise 5-15 The following is a condensed version of the comparative balance sheets for Wildhorse Corporation for the last two years at December 31. Cash Accounts receivable Investments Equipment Accumulated Depreciation Equipment Current liabilities Common stock Retained earnings 2020 $ 318,600 324,000 93,600 536,400 (190,800 ) 241,200 288,000 552,600 2019 $ 140,400 333,000 133,200 432,000 (160,200) 271,800 288,000 318,600 Additional information: Investments were sold at a loss of $18,000; no equipment was sold; cash dividends paid were $54,000; and net...
Exercise 5-15 Presented below is a condensed version of the comparative balance sheets for Splish Corporation for the last two years at December 31. 2017 2016 Cash Accounts receivable Investments Equipment Accumulated Depreciation-Equipment $ 265,500 270,000 78,000 447,000 (159,000 ) 201,000 240,000 460,500 $ 117,000 277,500 111,000 360,000 (133,500 ) 226,500 240,000 265,500 Current liabilities Common stock Retained earnings Additional information: Investments were sold at a loss of $15,000; no equipment was sold; cash dividends paid were $45,000; and net...
1. (10 points)Presented below is a
condensed version of the comparative balance sheets for Bridgeport
Corporation for the last two years at December 31.20172016Cash$
230,100$ 101,400Accounts
receivable234,000240,500Investments67,60096,200Equipment387,400312,000Accumulated
Depreciation-Equipment(137,800)(115,700)Current
liabilities174,200196,300Common stock208,000208,000Retained
earnings399,100230,100Additional information:Investments were sold
at a loss of $13,000; no equipment was sold; cash dividends paid
were $39,000; and net income was $208,000.Required: Prepare a
statement of cash flows for the year ended December 31, 2017.
1. (10 points) Presented below is a condensed version of the comparative balance sheets...
Question 4 ew Policies urrent Attempt in Progress The following is a condensed version of the comparative balance sheets for Sage Corporation for ts last two years at December 31. Cash Accounts receivable Investments Equipment 2020 2019 $ 230,100 $ 101,400 234,000 240,500 67,600 96,200 387,400 312,000 (137,800) (115,700 174.200 196,300 208,000 208,000 399,100 230,100 Current liabilities Common stock Retained earnings Additional information: Investments were sold at a loss of $13.000; no equipment was sold; cash dividends paid were $39.000;...
Current Attempt in Progress Condensed financial data of Indigo Corporation follow Indigo Corporation Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Prepaid expenses Long-term investments Plant assets Accumulated depreciation 2022 2021 $ 113,120 $67760 122,920 53.200 157.500 143.990 39,760 36,400 193,200 152600 399,000 339.500 170,000) (72800) $955,500 5720.650 Total Liabilities and Stockholders'Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings Total 5142,800 594220 23.100 29.400 154,000 204.400 308,000 245.000 327,600 147630 5955,500 5720.650 5543,844 Indigo...
Most questions answered within 3 hours.
-
After watching the lectures I am still having a hard time
understanding these equations.
1. The...
asked 59 minutes ago -
Testing:
H0:μ=56.9
H1:μ<56.9
Your sample consists of 23 subjects, with a mean of 56.3 and
standard...
asked 1 hour ago -
straight wire, labeled as Wire A, lies horizontally on a
tabletop and is oriented to run...
asked 1 hour ago -
For a Chi-Squared Goodness of Fit Test about a uniform
distribution, complete the table.
Round to...
asked 1 hour ago -
Milk of magnesia is only slightly soluble in water. Kc for the
reaction Mg(OHs)(s)>Mg2+(a) + 2OH-1(aq)...
asked 1 hour ago -
Excel's HYPGEOM.DIST function can be used to compute _____.
a. both hypergeometric probabilities and cumulative
hypergeometric...
asked 1 hour ago -
The rocket used for the human lunar missions was the Saturn V
rocket. At liftoff the...
asked 1 hour ago -
1. The East Street Bagel Shop has a weekly demand for 3,500
bagels, which they make...
asked 1 hour ago -
paraphrasing each paragraph
“Where two or more persons knowingly act together unlawfully,
the act of each...
asked 1 hour ago -
The lateral line system in fish is contained which of the
following?
chemoreceptors
photoreceptors
mechanoreceptors
odor...
asked 1 hour ago -
Find the y-intercept of y =-5 x. The y-intercept of y equals
negative 5 x is______...
asked 1 hour ago -
Customers arrive randomly at a gas station at the average rate
of 30 per hour, while...
asked 1 hour ago